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Swiss retail trade is changing: The Swiss retail trade has another difficult year behind it as nominal sector sales fell for the second year in a row in 2016.

The non-food segment in particular suffered from negative sales development, primarily in the clothes and shoes business section. Irrespective of this segment, the situation in the Swiss retail trade is expected to improve slightly in 2017. In contrast to the political arena, the real estate markets appear to have little potential to surprise in 2017.